The epic history of technology is littered with some incredibly lousy prophecies, often made by some very smart, very successful -- and very wealthy -- executives. We trolled the timeline of technology to find the most misguided -- and in some cases just plain crazy --calls in the industry's storied past, from the telephone to television to YouTube. Sure, it's easy to call out the most foolish forecasts with the benefit of perfect hindsight. It's also a lot of fun -- there are some doozies. And
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"There is no reason for any individual to have a computer in his home." --Ken Olsen, founder of Digital Equipment Corp.
Olsen was a tremendous entrepreneur and executive, but he was off by a couple of billion units with this call. In 2008, Gartner estimated the number of installed PCs worldwide had hit 1 billion, and the research firm predicted that number would double by 2014.
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